TOP NEWS

Renovate America Completes $320M Bond Deal For Green Projects

San Diego-based Renovate America, which provides residential Property Assessed Clean Energy (PACE) financing--which allows homeowners to complete home energy upgrades and renovations paid via their property tax bill--said on Friday that it has securitized $320M in bonds. The company said the latest deal brings its total issued bonds to $1.67 billion.

According to Renovate America, the new bonds represented 12,394 PACE assessments in 34 California counties....Continue →


Oculus Founder Palmer Luckey Linked To Anti-Clinton Meme Group

Oculus VR founder Palmer Luckey has been linked to a pro-Trump, anti-Clinton group, which circulates "dirty memes" about Hillary Clinton, according to a report on Thursday. According to the report, Luckey is using his substantial fortune to malign Hillary Clinton via social media via efforts led by Milo Yiannopoulos--the social media agitator who was banned from Twitter for harassing actress Leslie Jones....Continue →


Certona Scores $30M In Growth Funding

San Diego-based Certona, a developer of personalization software which uses machine learning and predictive algorithms, has raised $30M in a combined growth investment and minority recapitalization. The funding came from private equity investor Primus Capital. Certona said the funding will go towards growing market share, product development, and expanding services and support. Certona was founded in 2004....Continue →


SpaceX: Rocket Failure Linked To Cryogenic Helium System Breach

Hawthorne-based SpaceX said on Friday that it believes the catastrophic failure of one of its Falcon 9 rockets last month were related to a "large breach" in the cryogenic helium system of the second stage, liquid oxygen tank on the Falcon 9. The company released an extensive update on the failure at Cape Canaveral, which occurred as it was preparing a "static launch test" of the rocket. That test had not yet been started....Continue →


SGN Becomes Jam City, Eyes IPO, As It Nears $400M In Revenues

Los Angeles-based mobile game developer SGN has renamed itself Jam City, and says it is expecting $400M in revenues next year--and is eyeing a possible IPO. The company--led by former MySpace founder Chris DeWolfe--also said it has acquired the game rights to the comic strip "Peanuts", which Jam City will release as a new mobile game later this year. Financial details of that licensing deal were not announced. Jam City said the old name of the company "lacked the spirit" of its products....Continue →


Esri To Power Maps For Ocean XPRIZE

Redlands-based Esri, the developer of mapping and GIS tools, has linked up with Marina Del Rey-based prize competition operator the XPRIZE Foundation, to use its tools as part of the Shell Ocean Discovery XPRIZE. The two said that Esri has donated its ArcGIS software for use in mapping efforts in the prize, which is aimed at creating autonomous, deep-sea mapping technology. As part of the partnership, teams competing in the prize will be required to submit their mapping data in ArcGIS format....Continue →


Triton Digital Wins Bloomberg Media

Los Angeles-based streaming media delivery provider Triton Digital has won the business of Bloomberg Media, the consumer facing arm of Bloomberg L.P., as part of a delivery, monetization, and measurement deal. Financial details of the partnership were not announced. The two companies said that Bloomberg Media is using Triton's technology to delivery financial information and news audio listeners, including using Triton's digital advertising platform and analytics software....Continue →


Velocity Names General Counsel

Los Angeles-based Velocify, which develops a software platform used by sales teams to accelerate the handling of sales leads, has named Joel Ginsburg as its new General Counsel. Ginsburg was most recently Vice President and Deputy General Counsel at Guidance Software. The company said Ginsburg will be negotiating contracts, managing the company's commercial transactions, creating internal processes with sales, finance and HR, and managing outside counsel on other general corporate matters....Continue →


Urban Airship Taps SoCal Tech Vets For Key Roles

Urban Airship, a startup which develops mobile analytics and engagement software, said today that it has named two executives--both of whom have had prominent roles at Santa Barbara area technology companies. The company--based in Portland--said it named Scott Allen as its CFO, and Eric Holmen as its SVP of Worldwide Sales. Allen had previously been VP and CFO of Citrix Online, which is based in Santa Barbara, in addition to current roles at Intermedia and a prior role in finance at ADP....Continue →


ULA Takes Aim At SpaceX Track Record

The United Launch Alliance, the Boeing-Lockheed joint venture which had, until recently, a lock on contracts for national security launches for the Air Force, is taking aim at Hawthorne-based SpaceX....Continue →


Tinder Backs Vina's Female Networking App

Los Angeles-based dating app developer Tinder said this morning that it has made an investment in Hey! VINA, the developer of a Tinder-like mobile app to help women find friends. Tinder participated as part of a $1.4M, seed funding round, which also included Greylock Partners, New Enterprise Associates, and Wildcat Venture Partners. Tinder said it would help share "best practices" to help Hey! VINA scale its operations....Continue →


The Trade Desk Closes Up 67.22 Percent After IPO

Ventura-based The Trade Desk, the online advertising exchange operator, had a huge day on its first trading day on the NASDAQ Global Market, closing up 67.22% on Wednesday, at $30.10 -- well above its debut at $18.00 per share. The company, which is now trading as TTD, was venture backed by IA Ventures, Founder Collective, Wellington Management, and Highwind. The company is led by serial entrepreneur Jeff Green.Continue →



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